REG - Guardian Metal Rsrc. - £750,000 Placing with Institutional Investor

Guardian Metal ResourcesAnnouncement

06/01/2025 07:00

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RNS Number : 1543S  Guardian Metal Resources PLC  06 January 2025

6 January 2025

Guardian Metal Resources plc

('Guardian Metal' or the 'Company')

Placing with Single Institutional Investor to Raise £750,000

Guardian Metal Resources plc (LON:GMET, OTCQB:GMTLF), a strategic mineral
exploration and development company focused on tungsten in Nevada, USA, is
pleased to announce that it has raised £750,000 in a placing with a single
existing institutional investor at an issue price of £0.30 per share
("Placing"). The Placing represents a further step for the Company towards its
goal of strengthening the U.S. supply chain for the essential metal, tungsten.
There is growing global investor recognition of the critical importance of
rapidly establishing domestic tungsten production in the U.S., given its dual
applications in both military and broad industrial sectors.

Placing Highlights:

·    Guardian Metal has completed a strategic raise of £750,000 through
the issue of 2,500,000 new ordinary shares of 1.0p each ("Placing Shares"),
representing 2.00% of the enlarged issued share capital of the Company. No
warrants are to be issued to the subscriber.

 

·  The entire Placing has been subscribed for by Premier Miton, a
well-established UK asset management company; their relevant funds overseen by
fund managers Gervais Williams and Martin Turner. Gervais Williams is
president of the QCA and member of the AIM advisory panel at the London Stock
Exchange.

 

·    The net proceeds of the Placing will be applied to the Company's
working capital and is targeted for accelerated exploration and project
development activities at Pilot Mountain as well as, subject to the signing of
the definitive agreement, at Tempiute.

 

·   The Placing was arranged by the Company's broker and 120,000 broker
warrants are being issued as part of the commission payable under the terms of
the Placing ("Broker Warrants").  The Broker Warrants are exercisable at
£0.375 per share with an expiry date of 24 months from the date of the
Placing.

Oliver Friesen, CEO of Guardian Metal, commented:

"We are delighted that Premier Miton is adding to its existing holding in
Guardian Metal. It is hugely encouraging that respected fund managers Gervais
Williams and Martin Turner, along with the clients of Premier Miton, are
demonstrating their confidence in the Company.

"We are very confident about the Company's direction as we head into 2025 and
the additional financing allows us to accelerate and expand key exploration
and development activities."

ADMISSION AND TOTAL VOTING RIGHTS

 

Application will be made for the 2,500,000 Placing Shares to be admitted to
trading on AIM, which is expected to occur on or around 9 January 2025
("Admission"). The Placing Shares will rank pari passu in all respects with
the ordinary shares of the Company currently traded on AIM.

Following Admission, the Company's issued share capital will comprise
125,006,991 ordinary shares of 1p each. This number will represent the total
voting rights in the Company and may be used by shareholders as the
denominator for the calculation by which they can determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure and Transparency
Rules.

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018). The Directors of the Company are
responsible for the contents of this announcement.

 

 

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
timing and granting of regulatory and other third party consents and
approvals, uncertainties regarding the Company's or any third party's ability
to execute and implement future plans, and the occurrence of unexpected
events.

Actual results achieved may vary from the information provided herein as a
result of numerous known and unknown risks and uncertainties and other
factors.

For further information visit www.guardianmetalresources.com
(http://www.guardianmetalresources.com) or contact the following:

 Guardian Metal Resources plc                 Tel: +44 (0) 20 7583 8304

 Oliver Friesen (CEO)
 Cairn Financial Advisers LLP                 Tel: +44 20 7213 0880

 Nominated Adviser

 Sandy Jamieson/Jo Turner/Louise O'Driscoll
 Shard Capital Partners LLP                   Tel: +44 (0) 20 7186 9000

 Lead Broker

 Damon Heath/Erik Woolgar

 

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